Taxes
Treasury, IRS Set to Propose New Rules on Section 5000D Drug Excise Tax
Proposed regulations are coming on a new tax imposed on sales of “designated drugs,” established by the Inflation Reduction Act.
Jason Bramwell
Jason Bramwell is senior staff writer for CPA Practice Advisor. He has nearly 25 years of professional writing experience, the last nine covering the accounting profession. He most recently was a staff writer and editor at Going Concern, and he previously spent five years as a staff writer and editor at AccountingWEB. He can be reached by email at jbramwell@cpapracticeadvisor.com.
Read more
Taxes
Home Energy Audits Are a Key Part of Qualifying for New Tax Credit, IRS Says
The IRS informed taxpayers on the home energy audit requirements in order to claim the energy efficient home improvement tax credit.
Firm Management
Withum Expands in the Baltimore Area
The top 25 firm acquired the specialized health care assurance and risk consulting practice of TMDG, and the tax and audit practice of PBMares.
Firm Management
CLA Picks Up Washington CPA Firm Frost & Company
As a result of the acquisition, CLA now has over 30 professionals who worked for Frost & Company in Tacoma and Lacey, WA.
Accounting
Want to Search PCAOB Inspection Reports By How Many Screw-Ups an Audit Firm Made? You Can Now Do That
Investors and other users can now easily filter more than 3,700 PCAOB inspection reports by audit deficiency rate and more.
Firm Management
Wipfli Merges In Michigan CPA Firm Clayton & McKervey
Effective Sept. 1, more than 90 shareholders and associates from Clayton & McKervey will join Milwaukee-based Wipfli.
Firm Management
Eide Bailly Adds Seattle CPA Firm King & Oliason
As part of the acquisition, Eide Bailly picks up its first office in Seattle and adds six partners and 33 staff from King & Oliason.
Firm Management
BPM Expands in Las Vegas Via Merger with Fair, Anderson & Langerman
FAL provides tax, accounting, and consulting services to clients in such sectors as manufacturing and food and beverage.
Taxes
How to Develop a New Five-Year Plan for Your Company's Tax Department
Businesses should take lessons from five years of transformation experiences to make a plan for the next half-decade.
Accounting
FASB Plans Changes to Acquired Financial Asset Reporting
The proposal would eliminate the “double count” that occurs under current expected credit loss (CECL) accounting.
Accounting
PCAOB Looks to Add Rules for Auditors on Technology-Assisted Analysis
The proposal would update parts of existing PCAOB standards relating to audit evidence and auditors' responses to risk.
Accounting
KPMG to Lay Off 5% of U.S. Workforce in Second Round of Job Cuts
Unlike in February when the firm let go of 2% of its workforce, mostly in advisory, these job cuts will impact tax and audit.